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The Future of Downtown San Diego Real Estate

Selection of condos available for sale in Downtown San Diego will continue to be tight. Just over 2% of the total condo market is up for sale (roughly 250 for sale out of 10,250 total condos). No new condos will be built in downtown San Diego and ready for occupancy until early 2018. There will continue to be more and more San Diego condo shoppers chasing fewer condos until we get some additional inventory built. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable.  The California Association of Realtors economist is projecting prices to rise 4.2% in 2018, its been my experience they are usually conservative and the coastal areas rise faster than inland areas.

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